• Achieved US$155.3 million in closed sales YTD, on track to meet US$200-225 million target
• Fair value of portfolio decreased 2.84% with New York Premium segment down 4.38%
• Declared 10 cents per stapled security distribution in July 2025

US Masters Residential Property Group, consisting of US Masters Residential Property Fund I and US Masters Residential Property Fund II, reported its half-yearly results for the period ended 30 June 2025. The group has made significant progress on its asset sales program, with US$119 million of closed sales settled by 30 June and a further US$36.3 million closed in July and early August, bringing the year-to-date total to US$155.3 million. The group is on track to achieve its sales target guidance of US$200-225 million for the 2025 financial year. The fair value of the group's portfolio decreased by 2.84% during the half-year, largely driven by a 4.38% decrease in the New York Premium segment. Despite the cooling buyer sentiment in New York, the group has continued to execute contracts at a strong velocity in both New York and New Jersey. On 3 July 2025, the group declared a distribution of 10 cents per stapled security, which was paid on 1 August 2025. This distribution reflects the success of the sales program so far in 2025. The group may require the use of available cash to repay any remaining balance on its Global Atlantic senior debt facility, which matures in May 2026.

The group has set a sales target guidance of US$200-225 million for the 2025 financial year, a meaningful increase compared to the realised sales volume in both 2024 (US$151.0 million) and 2023 (US$53.8 million).